When we purchased our home my husband had a credit score of 690 3 years after filing bk.
I am wondering though if they didn't lie to us when they put us in the subprime market. Credit score was not wonderful but not bad either. Bk three years out low debt to income ratio. Yet we were sold into an 80 20 split first 30 yr ARM started adjusting in 08 we refied it or something so it wouldn't adjust to 2013.
Second 15 year balloon loan 10.44% interest rate. We were told we didn't qualify for anything else.
We've paid over 40k in mortgage payments. Some of which has gone to taxes and insurance about 7 k maybe and our principle has decreased 2k. Ugghhh
I also think they broke the TILA we have no right to cancel papers that I can see.
I am wondering though if they didn't lie to us when they put us in the subprime market. Credit score was not wonderful but not bad either. Bk three years out low debt to income ratio. Yet we were sold into an 80 20 split first 30 yr ARM started adjusting in 08 we refied it or something so it wouldn't adjust to 2013.
Second 15 year balloon loan 10.44% interest rate. We were told we didn't qualify for anything else.
We've paid over 40k in mortgage payments. Some of which has gone to taxes and insurance about 7 k maybe and our principle has decreased 2k. Ugghhh
I also think they broke the TILA we have no right to cancel papers that I can see.